Best Stocks Under $5 - Investing in Penny Stocks (2024)

Ben Broadwater

Posted January 9, 2024

Are you looking for the best stocks under $5? If so, you’re in the right place. In this article, we’ll take a look at some of the best stocks under $5 that you can invest in right now.

best stocks under $5

What Are Penny Stocks?

Before we dive into the best stocks under $5, let’s first define what penny stocks are. Penny stocks are stocks that trade for $5 or less. These stocks are also known as micro-cap stocks or nano-cap stocks. They are typically issued by small companies that are just starting out or are struggling to stay afloat.

The Risks of Investing in Penny Stocks

While penny stocks can be a great way to invest in small companies with high growth potential, they also come with a lot of risks. Because these companies are so small, they are often not well-established and may not have a proven track record of success. This means that investing in penny stocks can be risky, and you should be prepared to lose your entire investment.

The Rewards of Investing in Penny Stocks

Despite the risks, investing in penny stocks can also be very rewarding. Because these stocks are so cheap, you can buy a large number of shares for a relatively small amount of money. If the company you invest in is successful, you could see huge returns on your investment.

How to Invest in Penny Stocks

If you’re interested in investing in penny stocks, there are a few things you should keep in mind. First, you should do your research and make sure you understand the risks involved. Second, you should only invest money that you can afford to lose. Finally, you should consider working with a financial advisor who can help you make informed investment decisions.

The Best Stocks Under $5

Now that we’ve covered the basics of penny stocks, let’s take a look at some of the best stocks under $5 that you can invest in right now. Here are some of our top picks:

best stocks under $5 - chart

  • LG Display Co. Ltd. (LPL): LG Display is a leading innovator of display technologies, including thin-film transistor liquid crystal and OLED displays. The company recently unveiled its OLED TV panel featuring its latest ‘META Technology 2.0’ at CES 2024, which features 42% brighter images than conventional OLED displays to achieve 3,000-nit peak brightness.

  • Grupo Aval Acciones y Valores SA (AVAL): Grupo Aval is one of the largest banking and financial services companies in Colombia. The company has a strong presence in Central America and offers a range of financial services and products to public and private sector customers. Grupo Aval’s subsidiaries include Banco de Bogotá, Banco de Occidente, Banco Popular, and Banco AV Villas.

  • Planet Labs PBC (PL): Planet Labs designs, constructs, and launches constellations of satellites with the intent of providing high cadence geospatial data delivered to customers through an online platform worldwide. The company offers planet monitoring, basemap, tasking, apps, variables, hyperspectral, analytic feeds, and platform, as well as planet professional services including launch program, architectural workshop, planet training, integration and data services, and quick start services.

  • Matterport Inc. (MTTR): Matterport provides 3D imaging services for real estate and other industries. The company’s platform allows users to create, edit, and share high-quality digital twins of physical spaces. Matterport’s technology is used by real estate agents, architects, and construction professionals to create immersive virtual tours of properties and buildings.

The Best Stocks Under $5 – Continued

  • Baytex Energy Corp. (BTE): Baytex Energy is an oil and gas company that operates in Canada and the United States. The company’s operations are focused on the acquisition, development, and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford. Baytex Energy’s portfolio includes light oil and condensate, heavy oil, natural gas liquids, and natural gas.

  • Luminar Technologies Inc. (LAZR): Luminar Technologies develops lidar sensors for self-driving cars. The company’s sensors use laser beams to detect objects and create a 3D map of the surrounding environment. Luminar’s technology is used by automakers and tech companies to develop autonomous vehicles.

  • Nordic American Tankers Ltd. (NAT): Nordic American Tankers owns and operates crude oil tankers. The company’s fleet consists of 23 Suezmax tankers, which are used to transport crude oil from ports around the world. Nordic American Tankers’ customers include oil companies, traders, and other shipping companies.

  • Ambev S.A. (ABEV): Ambev is a Brazilian brewing company that produces and distributes beer, soft drinks, and other non-alcoholic beverages. The company’s portfolio includes popular brands such as Brahma, Skol, and Antarctica. Ambev operates in 16 countries across the Americas and has a strong presence in Brazil, Argentina and Canada.

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Best Stocks Under $5 – Conclusion

Investing in penny stocks can be a great way to get in on the ground floor of small companies with high growth potential. However, it’s important to remember that penny stocks are risky investments and you should be prepared to lose your entire investment. If you’re interested in investing in penny stocks, make sure you do your research so you can make informed investment decisions.

Related Article: Cheap Dividend Stocks Under $5

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